#USDS market cap exceeds $2.1 billion.#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins, surging 99% in the past month to hit an all-time high. The rapid growth of USDS has sent shockwaves through the DeFi space, with its issuance soaring 99% in the past month and 12.50% year-on-year. The growth of USDS is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. The rise in USDS's market capitalization has also propelled the total stablecoin market cap to surpass $209 billion, setting a new all-time high.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins, and has nearly doubled in the past month, attracting attention in the DeFi space. According to Defillama data, USDS issuance has increased by 99% in the past month, representing a year-over-year growth of 12.50%. Of this, $123 million came from DAI swaps, indicating that USDS is attracting more users and funds. The rapid growth of USDS also reflects the overall prosperity of the stablecoin market, with the total market capitalization of stablecoins exceeding $209 billion, setting a new historical high. The rise of USDS has also brought new development opportunities for the DeFi space, and its future development is worth looking forward to.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDS market cap surpasses $2.1 billion, becoming the fifth-largest stablecoin.
USDS has grown 99% in the past month and 12.50% year-over-year.
USDS's growth is primarily driven by DAI swaps, with $123 million coming from DAI swaps.
The growth of USDS has caused a stir in the DeFi space.